VFD Group Plc has updated its shareholders, investors, and the general public on the recent mark down in its share price, regarding the qualification period. This follows the announcement of the Group’s 5-for-1 bonus share offer and 2025 dividend declaration.
April 22, 2025, marked the official qualification date for VFD Group’s 5-for-1 bonus share offer and 2025 dividend declaration.
VFD share price closed at N96 per share. Following this, the share price was marked down to N15.6 per share, in line with NGX listing Regulations.
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Why the share price adjusted…
This markdown simply reflects the price adjustment associated with the impact of the bonus issue on the increase in the number of shares in circulation.
The impact of this bonus to shareholders means for every 1 share held as of April 22, shareholders will receive 5 additional bonus shares, bringing their new total holding to 6 shares.
However, the overall value of each shareholder’s investment remains the same at the point of adjustment.
Illustration…
Before Bonus markdown: 1 share = N96
After Bonus: 6 shares × N15.6 = N93.6 + N2.4 (net dividend payment) = N96
What this means for you…
You now hold six times more shares than you did on April 22.
Your investment value is preserved.
You remain part of a Group that is focused on delivering exceptional, long-term returns.
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When will the bonus shares be received?
The bonus shares will be credited to eligible shareholders on or before the 14th of June 2025, subject to: approval by shareholders at the 2025 Annual General Meeting (AGM) in May, and final clearance by the Securities and Exchange Commission (SEC).
VFD’s growth story continues…
The bonus share issuance and dividend payment reflect VFD Group’s strong financial performance and long-term growth strategy.
Highlights from the 2024 financial year include: record-breaking revenue and profit growth across our business lines; strategic expansion across financial services, real estate, technology, and consumer markets; and consistent delivery of shareholder value through dividends and equity growth.
